HC Advisors LLC Buys Shares of 2,997 Chevron Co. (NYSE:CVX)

HC Advisors LLC bought a new stake in Chevron Co. (NYSE:CVXGet Rating) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 2,997 shares of the oil and gas company’s stock, valued at approximately $488,000.

Several other institutional investors also recently bought and sold shares of the company. Clarity Financial LLC grew its position in Chevron by 2.2% in the 1st quarter. Clarity Financial LLC now owns 2,790 shares of the oil and gas company’s stock valued at $454,000 after acquiring an additional 61 shares in the last quarter. SYM FINANCIAL Corp boosted its stake in shares of Chevron by 3.4% in the 1st quarter. SYM FINANCIAL Corp now owns 1,895 shares of the oil and gas company’s stock valued at $309,000 after buying an additional 62 shares during the period. LCM Capital Management Inc boosted its stake in shares of Chevron by 0.9% in the 1st quarter. LCM Capital Management Inc now owns 7,306 shares of the oil and gas company’s stock valued at $1,190,000 after buying an additional 63 shares during the period. John G Ullman & Associates Inc. boosted its stake in shares of Chevron by 1.1% in the 1st quarter. John G Ullman & Associates Inc. now owns 6,002 shares of the oil and gas company’s stock valued at $977,000 after buying an additional 67 shares during the period. Finally, SMH Capital Advisors Inc. boosted its stake in shares of Chevron by 1.7% in the 1st quarter. SMH Capital Advisors Inc. now owns 4,108 shares of the oil and gas company’s stock valued at $669,000 after buying an additional 68 shares during the period. 65.89% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Wanda M. Austin sold 12,039 shares of the business’s stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of $177.29, for a total value of $2,134,394.31. Following the transaction, the director now owns 3,543 shares of the company’s stock, valued at $628,138.47. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Wanda M. Austin sold 12,039 shares of the company’s stock in a transaction on Friday, May 27th. The stock was sold at an average price of $177.29, for a total transaction of $2,134,394.31. Following the transaction, the director now owns 3,543 shares of the company’s stock, valued at $628,138.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Wanda M. Austin sold 11,432 shares of the company’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $161.45, for a total value of $1,845,696.40. Following the transaction, the director now directly owns 3,560 shares in the company, valued at approximately $574,762. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 399,043 shares of company stock valued at $67,010,843. Company insiders own 0.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CVX shares. Wells Fargo & Company lifted their price objective on Chevron from $181.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, August 1st. Cowen decreased their price objective on Chevron from $179.00 to $160.00 and set an “outperform” rating for the company in a research note on Friday, July 1st. Morgan Stanley lifted their price objective on Chevron from $185.00 to $190.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 19th. Royal Bank of Canada cut Chevron from an “outperform” rating to a “sector perform” rating and boosted their target price for the stock from $160.00 to $165.00 in a research note on Thursday, April 21st. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $172.00 target price on shares of Chevron in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $173.00.

Chevron Price Performance

Shares of NYSE CVX opened at $153.64 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.22 and a debt-to-equity ratio of 0.20. Chevron Co. has a twelve month low of $92.86 and a twelve month high of $182.40. The stock has a 50 day moving average of $154.37 and a two-hundred day moving average of $155.35. The stock has a market cap of $301.87 billion, a P/E ratio of 10.25, a P/E/G ratio of 0.61 and a beta of 1.15.

Chevron (NYSE:CVXGet Rating) last released its earnings results on Friday, July 29th. The oil and gas company reported $5.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.66 by $1.16. The business had revenue of $68.76 billion for the quarter, compared to analyst estimates of $57.69 billion. Chevron had a return on equity of 20.19% and a net margin of 13.45%. The company’s revenue for the quarter was up 82.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.71 earnings per share. On average, research analysts forecast that Chevron Co. will post 17.51 earnings per share for the current year.

Chevron Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 12th. Stockholders of record on Friday, August 19th will be issued a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date is Thursday, August 18th. Chevron’s payout ratio is currently 37.89%.

About Chevron

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Chevron Corporation, through its subsidiaries, engages in integrated energy and chemicals operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant.

See Also

Institutional Ownership by Quarter for Chevron (NYSE:CVX)

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